Compounding of contraventions enables voluntary admission and settlement under FEMA after a personal hearing and specified payment. Compounding under FEMA is a voluntary settlement mechanism whereby an admitted breach of FEMA is resolved by pleading guilt and seeking redress; it requires offering a personal hearing and permits acceptance of a specified sum to compound contraventions defined under section 13, while exclusions under the compounding rules render certain categories ineligible for compounding by the designated authority.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Compounding of contraventions enables voluntary admission and settlement under FEMA after a personal hearing and specified payment.
Compounding under FEMA is a voluntary settlement mechanism whereby an admitted breach of FEMA is resolved by pleading guilt and seeking redress; it requires offering a personal hearing and permits acceptance of a specified sum to compound contraventions defined under section 13, while exclusions under the compounding rules render certain categories ineligible for compounding by the designated authority.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.